Base Offering Circular - Multifamily
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Weighted Average Loan Age.....
With respect to designated Ginnie Mae Multifamily
Certificates and a Cut-off Date, the average loan age,
expressed in months, as of the Cut-off Date, of the
Mortgage Loans underlying the Ginnie Mae Multifamily
Certificates, weighted on the basis of the respective current
principal balances of those Mortgage Loans after giving
effect to all payments of principal due on or before the Cut-
off Date.
Weighted Average Net
Certificate Rate...........................
With respect to a Series (or, if the Ginnie Mae Multifamily
Certificates are segregated into Trust Asset Groups, the
Ginnie Mae Multifamily Certificates in a designated Trust
Asset Group), for any Distribution Date, the per annum rate
of interest equal to the average, expressed as a percentage,
of the Net Certificate Rates of some or all Trust MBS in a
designated Trust Asset Group or Groups, weighted on the
basis of the respective current principal balances of those
Trust MBS immediately following the applicable Ginnie
Mae Certificate Payment Date in the month preceding the
month of that Distribution Date.
Weighted Average Original
Term to Maturity ........................
With respect to designated Ginnie Mae Multifamily
Certificates and a Cut-off Date, the average, expressed in
months, of the original terms to maturity of all the Mortgage
Loans underlying the Ginnie Mae Multifamily Certificates,
weighted on the basis of the respective current principal
balances of those Mortgage Loans all payments of principal
due on or before the Cut-off Date.
Weighted Average
Period From Issuance.................
With respect to designated Ginnie Mae Multifamily
Certificates and a Cut-off Date, the average, expressed in
months, of the remaining period from issuance, as of the
Cut-off Date, of all the Mortgage Loans underlying the
Ginnie Mae Multifamily Certificates, weighted on the basis
of the respective current principal balances of those
Mortgage Loans after giving effect to all payments of
principal due on or before the Cut-off Date. For purposes of
this definition issuance means the later of (a) one month
prior to the first interest rate payment date after the most
recent FHA endorsement and (b) the Cut-off Date of the
related Ginnie Mae Multifamily Certificate, unless
otherwise indicated in the Offering Circular Supplement.